holder
- 1(a) (in relation to a unit in an authorised fund):
- (i) the shareholder; or
- (ii) the unitholder.5938
- (iii) [deleted]5938
- (b) (in relation to a unit in any other collective investment scheme):
- (i) the person who is entered in the register of the scheme as the holder of that unit; or
- (ii) (in relation to a recognised scheme)52 the bearer of a bearer certificate representing that unit.